Elbers, Chris; Gunning, Jan Willem; Kinsey, Bill H. - 2006 - Rev.
suggest that the effectiveness of policy interventions which reduce exposure to shocks or help households in risk man!agement …There has been a revival of interest in the effect of risk on economic growth. We quantify both ex ante and ex post … effects of risk using a stochastic version of the Ramsey model. We develop a simulation-based econometric methodology which …
